AMC is currently forming a falling wedge on the daily and weekly charts. With earnings coming next week, there could be a possible catalyst for a move to higher prices.
As you can see, the wedge is coming to a close. Bulls may start buying if they see AMC as undervalued and bears could start covering their shorts since this would be a good place to take profits for them. After that, AMC will start feeding on itself and move higher.
Could we possibly see a high 3 breakout? Probably something worth keeping an eye on over the next couple of weeks.
As you can see, the wedge is coming to a close. Bulls may start buying if they see AMC as undervalued and bears could start covering their shorts since this would be a good place to take profits for them. After that, AMC will start feeding on itself and move higher.
Could we possibly see a high 3 breakout? Probably something worth keeping an eye on over the next couple of weeks.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.